Gladstone Commercial (NASDAQ:GOOD) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Gladstone Commercial Corporation (NASDAQ:GOOD)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $11.57 and traded as high as $12.46. Gladstone Commercial shares last traded at $12.41, with a volume of 426,231 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. B. Riley Financial restated a “neutral” rating and issued a $12.50 target price (up from $11.00) on shares of Gladstone Commercial in a research report on Tuesday, February 24th. Weiss Ratings lowered shares of Gladstone Commercial from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of Gladstone Commercial from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Gladstone Commercial currently has a consensus rating of “Hold” and an average price target of $12.75.

Gladstone Commercial Trading Down 1.1%

The company has a market cap of $595.93 million, a price-to-earnings ratio of 68.39 and a beta of 1.09. The business’s fifty day moving average price is $12.18 and its 200 day moving average price is $11.59. The company has a debt-to-equity ratio of 5.13, a current ratio of 4.03 and a quick ratio of 4.03.

Gladstone Commercial (NASDAQ:GOOD) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.30. Gladstone Commercial had a net margin of 12.74% and a return on equity of 12.11%. The company had revenue of $41.91 million for the quarter, compared to analyst estimates of $42.94 million. Research analysts anticipate that Gladstone Commercial Corporation will post 1.41 earnings per share for the current fiscal year.

Gladstone Commercial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Commercial’s dividend payout ratio (DPR) is currently 666.67%.

Hedge Funds Weigh In On Gladstone Commercial

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Gladstone Commercial by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 4,823,236 shares of the real estate investment trust’s stock worth $51,464,000 after buying an additional 20,634 shares during the last quarter. Geode Capital Management LLC raised its stake in Gladstone Commercial by 6.0% during the fourth quarter. Geode Capital Management LLC now owns 1,327,193 shares of the real estate investment trust’s stock worth $14,164,000 after buying an additional 74,557 shares during the last quarter. Invesco Ltd. increased its stake in Gladstone Commercial by 17.1% in the fourth quarter. Invesco Ltd. now owns 1,086,952 shares of the real estate investment trust’s stock valued at $11,598,000 after purchasing an additional 158,711 shares in the last quarter. Qube Research & Technologies Ltd increased its stake in Gladstone Commercial by 56.7% in the third quarter. Qube Research & Technologies Ltd now owns 823,864 shares of the real estate investment trust’s stock valued at $10,150,000 after purchasing an additional 298,114 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Gladstone Commercial by 7.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 730,497 shares of the real estate investment trust’s stock valued at $7,794,000 after purchasing an additional 50,238 shares in the last quarter. Institutional investors own 45.51% of the company’s stock.

About Gladstone Commercial

Gladstone Commercial Corporation is a real estate investment trust (REIT) that focuses on the acquisition and long?term ownership of industrial and office properties throughout the United States. The company’s portfolio emphasizes both single?tenant net?leased investments and multi?tenant assets, targeting properties that provide stable, predictable rental income. Gladstone Commercial seeks to grow shareholder value through both internal cash flow from its existing portfolio and strategic property acquisitions in markets with strong occupancy trends.

The company’s primary business activities include identifying, underwriting and acquiring commercial real estate assets that support light industrial users and professional office tenants.